“…Perceived financial performance: As a significant amount of prior empirical work conducted on the HRM-performance link has employed subjective measures of performance (see, for example, Delaney and Huselid, 1996;Wright et al, 1999;Andersen et al, 2007;Chand and Katou, 2007;Macky and Boxall, 2007;Joseph and Dai, 2009;Moideenkutty et al, 2011;Razouk, 2011), we aim to measure the perceived financial performance of the targeted companies. The use of subjective measures is further supported by some empirical work, especially in strategy literature (see, for example, Dess and Robinson, 1984;Geringer and Hebert, 1991;Powell, 1992).…”